Chelsea ‘way off the pace’ in race to buy power station site

Chelsea’s bid to purchase the site of Battersea Power Station is unlikely to succeed, according to a source close to the sale process.

A number of other parties are keen to acquire the land on the south bank of the River Thames, with Malaysian real estate company SP Setia and veteran British developer Godfrey Bradman said to be leading the chase.

The well-placed source has suggested that a final decision could come as early as next week and that Chelsea’s bid is “way off the pace”.

Chelsea announced earlier this month that the club had submitted a formal offer to Wandsworth Council to buy the site ahead of a possible move from Stamford Bridge.

See also:
Chelsea are not like Arsenal and shouldn’t leave Stamford Bridge
A move to ‘the Battersea Bridge’ makes sense for Chelsea

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